E2Gold to Drill Gold and Base Metal Targets in 2023

About this update from E2gold, Inc.

[{"type":"text","content":"\nE2Gold to Drill Gold and Base Metal Targets in 2023TORONTO, ON / ACCESSWIRE / December 20, 2022 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) (the \"Company\" or \"E2Gold\") is working on several different potential gold and base metal targets, each at varying stages of exploration. The predominant strategy of our activities is to develop drill targets through a methodical combination of geochemistry and geophysics across the Property.In the Central Hawkins Corridor, E2Gold is focusing both east and west along-strike with the McKinnon Zone Inferred Resource through soil, till, Induced Polarization (IP), and airborne magnetics, while simultaneously progressing its understanding of the Resource through structural work.Figure 1: Location of planned 2023 activities in the Central Hawkins Corridor discussed in text.Drill Planning, McKinnon Zone. On the McKinnon Zone, E2gold has completed a first structural analysis based on the 2021-2022 drill program and optical televiewer data. Samples from a follow up site visit are being reviewed to better determine structural controls on gold grade at McKinnon. The resulting interpretation will play an important role in determining the next round of drilling in and below the Resource (See Figure 2 below).Ellie Owens, President, explained, \"Where the previous drill program sought to test the continuity of mineralization below the Resource, the next program is designed to determine if there are potentially mineable widths surrounding higher grade intercepts.\"Figure 2. Contoured Longitudinal Section, McKinnon Zone, looking north.Planned follow-up targets are in blue ovals.Drill Planning, Grid 3. The Company completed a large soil sampling program in August 2022 on the Grid 3 target. Previously, IP geophysics and a surface sampling program has revealed a potential westward extension to the McKinnon Zone, but also other separate, off-trend targets to the north of this extension (Figure 3). In particular, based upon this work, the two northernmost IP anomalies have the strongest IP signals, and coincide with the westward continuations of sheared ultramafic rocks and iron formation, both known to host gold and base metal potential (Figure 3).Interpretation of the soil sample results is underway and will be used in refining the drill target locations on Grid 3 for the next program.Figure 3. Grid 3 Soil Samp...

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